Religare Stock Trading, Demat, Brokerage and Reviews 2018

Open an Online Trading Account

Update On Dec 20, 2017, Edelweiss Group's wealth management unit has acquired the securities business of Religare Enterprises Ltd. The acquisition includes Religare's securities and commodities broking services along with depository participant services.

Incorporated in 1986, Religare Securities Ltd (RSL) is a subsidiary of Religare Enterprises Limited, New Delhi based diversified financial group.

Religare Securities offers retail broking, depository services and other related investment services to customers located across India. Religare has physical presence in over 500 cities though its branches and sub-brokers. This makes Religare one of the largest brick and mortar stock broker offering personalize services to over 10 lakh customers.

Religare is member of BSE, NSE, MCX and NCDEX exchanges. Religare offers demat account service through NSDL and CDSL.

Online Trading though its installable trading terminal, website and mobile trading application are the latest push from the broker to cater do-it-yourself type of customers. Religare offers one of the best online trading platform in India stock market.

Special Offer: Get Free Trading + Demat Account for limited time. Get the offer.

Account Types

Religare offers 2-in-1 account which includes an online trading and a demat account to its customers. The trading account is a mandatory account for the customers to buy or sell shares at stock exchanges. The demat accounts is for customer to hold securities in electronic format.

How to open account with Religare?

To trade in stock or commodity exchanges in India, customer need a trading account. Religare offers trading and demat account combo which offers seamless transactions between these two accounts.

You can open an account with Religare two way:

Online Account Opening – The fastest and most preferable way of account opening which takes just few minutes. With the PAN Number provided, most of customer information is pulled from centralized eKYC systems and filled in the form automatically.

Visiting Branch of Religare – Alternatively you could also visit Religare branch or call them to arrange a form pickup from home.

Facility is available to fund your account by dropping the check in the branch.

Religare Disadvantages

Call and Trade is charged at Rs 10 per executed order (maximum Rs 50 per day in a segment).

Religare Complaints received at BSE / NSE:

Number of customer complained against Religare share broker. The Religare consumer complaints provide the summary of grievance which went to exchange for resolution.

Religare consumer complaints

Exchange

Financial Year

Number of Clients *

Total Complaints **

BSE

2016-17

35,656

13

NSE

2016-17

118,389

60

BSE

2015-16

54,939

30

NSE

2015-16

120,282

109

BSE

2014-15

40,201

47

NSE

2014-15

129,609

186

BSE

2013-14

821,485

43

NSE

2013-14

116,104

168

BSE

2012-13

795,803

51

NSE

2012-13

803,640

176

BSE

2011-12

756,105

178

NSE

2011-12

769,215

357

* Number of active clients the broker or trading member has. As per SEBI guidelines each broker reports the newly added clients to the exchange though unique client code (ucc) process. The informaiton on this page is provided by the exchange.

** The total number of complaint received against the broker at the given exchange.

It seems you''''''''ve some concern with regards to our services. We request you to email us your full concern along with your client ID/Contact details to enable us look into the same and address at the earliest.

You may write into us at rel.orm@religare.com with " | Chittorgarh complaint" in the subject line.

Worst broker in indian stock industry. I had entered my details for account opening as it was mentioned on their website homepage tha AMC is 0 but now they asked 400 AMC or need to pay 1350 one time .I keep getting calls daily...and the customer care guy are really unprofessional and donot possess customer handling skills..Feel sad to provide my contact info...Please stay away from such a unprofessional company.

CLIENT ID AN4012BRANCH Noidadear religare, i m not happy with ur services,but i m not happy with ur R.M,in Dec 2017 ur RM Ankit Rawat(ankit.rawat@religare.com) opened my account said i will give u .2 /.02 % brokerage delivery/intraday respectively where as promised me,u know i m getting .05/n .5% brokerage in intra n delivery,due to high brokerage charges i m going to close my account i will never recommend to any one of ur broking company.

Religare securities , Horrible company closed its branch in Mangalore overnite and ran away. no notice no information. all the investors are struggling to transfer their holdings. Mangalore 4916 branch closed overnite and i donot know how many more are closing. All the account holders have no clue. one day you visit the branch office and you find the Branch is closed. it happened to me when i visited its Mangalore office on 18 05-2016. An employee calls you fro a branch 500 kms away and tells you that we are shifting .

The negatives of Religare are:the account cash is squared off quarterly.password is to be changed every fortnight.no mobile trading app for regular accounts.limitation in portfolio of products like MF, bonds, FD etc.